ICE cotton slumps on intensifying U.S.-China trade dispute

2018-07-12 09:23:47
CCFGroup

ICE cotton futures market slumps as the trade tensions grew with the U.S. threatening 10 percent tariffs on Chinese goods with value of $200 billion. Contract of Dec closed at 84.72cent/lb, down 1.55cent/lb and contract of Mar closed at 84.46cent/lb, down 1.41cent/lb.